On December 1, Jasmin Ernst organized Ernst Consulting. On December 3 , the owner contributed $83,660 in assets in exchange for its common stock to launch the business. On December 31, the company's records show the following items and amounts. Required: Use these amounts to prepare a December statement of retained earnings for the company. Using the information from the Question Data tab, prepare a December statement of retained earnings for Ernst Consulting. Hint: Retained earnings on December 1 was $0